Will Weak Existing Home Sales Lower Prices?

Existing home sales slid 5.1% in January from December to the lowest level in over a year.  Nasty weather, rising interest rates and prices and signs of softness in the economy were all blamed.  Big question is how prices will respond.  The next S&P/Case-Shiller Home Price release is Tuesday morning February 25th at 9 AM. Find the report at www.spdji.com and on this blog.

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  1. […] Existing home sales slid 5.1% in January from December to the lowest level in over a year. Nasty weather, rising interest rates and prices and signs of softness in the economy were all blamed. Big question is how prices will respond. The next S&P/Case-Shiller Home Price release is Tuesday morning February 25th at 9 AM. Find the report at http://www.spdji.com – See more at: http://www.housingviews.com/2014/02/21/will-weak-existing-home-sales-lower-prices […]

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